Manchester, United Kingdom – Office and surgery insurance can provide cover for the millions of UK that business rely heavily on customer or patient data for their day-to-day running.
Not every business insurance policy includes this as standard so it’s a good idea to study the specifics of your policy before going ahead with it.
Below are some of the main business consequences highlighted by the Co-Operative that can arise out of technology letting you down.
- Loss of income
If you can’t access your key data for any reason you may not be able to trade at all. If the issue is complicated, it may take days or even weeks to find a resolution.
If it can happen to Sony with the PS3 network, it can happen to your company. In these cases not having office/surgery insurance could really put your finances on the back foot and take some time to recover from.
The loss of income and inability to work could mean you’re also having to pay staff to sit around while the I.T. problem gets fixed.
- Loss of custom
Not only could you lose income through a technological failure, you could also lose custom in the long term. If you can’t book patient appointments, deal with online orders or process customer complaints, you may find your ‘loyal’ customers get fed up waiting for a resolution and go elsewhere.
- Increased I.T. costs
If you don’t have adequate office or surgery insurance and haven’t budgeted for technology problems in your business, the financial implications can be severe.
When an I.T. problem stops your office or surgery functioning properly, you’ll want to get things back to normal as quick as possible which could cost hundreds or thousands of pounds.
- Inconvenience
Even if you have surgery or office insurance to cover technology problems, the inconvenience of having people come in to try and recover your data or get your systems back up and running can harm your day-to-day business.
There may be further problems with the recovery of all your data that means you can only partially trade or run your dental or doctors surgery properly again.
Often there’s nothing you can do to predict a technological problem and they seem to have a habit of happening at the worst time.
The one thing you can do though is make sure you’re well prepared for the consequences and a big part of this is arranging office and surgery insurance.
The Co-operative Insurance provides a wide range of business insurance policies from self employed to office and surgery insurance
Contact:
PR Manager Corporate
0161 827 5614
Manchester
United Kingdom